Well...
On a more serious note, just learn some new skills? Seriously, you can't be that bummed at thirty-freakin'-four. That's like.... 17 years post school. So many super cool things you could do or learn with that time.
Young people feel robbed of a better life but they don't know what to do about it
- Thread starter oldbag
- Start date
Well...
On a more serious note, just learn some new skills? Seriously, you can't be that bummed at thirty-freakin'-four. That's like.... 17 years post school. So many super cool things you could do or learn with that time.
Soldato
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- Derbyshire
Everyone is in the same boat though.
I agree that people 20 years older had a lot more lifestyle for their money, but you can either feel sorry for yourself or say 'I know it is harder now but I am determined to achieve what I want'.
If you can't afford to buy, but you want to buy, then save further, seek a promotion, 50% buy 50% share, buy with a friend, buy one in a mess for cheap that has future prospects
.
From what I've read, in European countries where rent is normal, the situation is very different to here in the UK.
They have rent caps for a start.
Renters have more rights. You report something is wrong, the landlord has do something about it pronto. The law is pro-tenant not pro-landlord.
The standards for what is acceptable in a rented property and much higher, including furnishings, etc.
In those places where renting is the norm, renters actually get a good deal.
Over here any attempt to regulate the rental market would never have a chance to make it into law. Too much vested interest. Landlords here can charge "whatever the market will bear", which often amounts to 2/3 or more of net income for working-class people. Plus many rental properties are poorly maintained and barely habitable.
But you can't upset landlords and other with property, or you won't get (re)elected.
Well...
On a more serious note, just learn some new skills? Seriously, you can't be that bummed at thirty-freakin'-four. That's like.... 17 years post school. So many super cool things you could do or learn with that time.
Once I find a topic I'm interested in you won't shift me
Like a stubborn turd that won't flush.
Renting being the norm in Europe has been mentioned several times but what happens when you reach retirement.
With a mortgage it should (hopefully) be paid off when you retire which reduces your monthly outgoings considerably.
How can retired Germans (for example) afford rent for all those years?
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But if you want a house, and "not be paying someone else's mortgage", that's what you need to do. When I bought my first home I was working around 70 hours a week - a sacrifice that is now paying off thankfully. And, at 34, I don't think you're part of the younger generation I'm afraid...
How can retired Germans (for example) afford rent for all those years?
you downsize like most retired house owners do anyway.
im living in northern Sweden and here they have a very high proportion of very affordable, rentable based on a decent living wage
The uk simply doesn't have that housing stock anymore, it was sold off for peanuts to win votes and make the inner city poor "feel better."
christ my nans 2 bed maisonete in Peckham SE17 on a stabby housing estate, is now worth £325K lol wut.
I don't think the uk market will see major reinvestment because it will devalue current housing stock, which is the cornerstone of the brits self worth.
ive said all this crap before :/ dunno why im saying it again.
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Thanks for shattering my illusion of being young
No, honestly, I'm not saying I'm a young-un, just I sympathise with their outlook since I find myself in the same position.
I'm not knocking you, not at all. I just latched onto what you've been saying. To me it's simple, if you can do it you buy, if not you rent. It's no one's fault, no one owes anyone anything, it's just the way it is.
Ha, well thanks for saying it again.
Its a worrying thought though that if I'm still renting at that point in my life then I'm unlikely to ever retire as if I can't afford to put money aside for a mortgage then I've got no hope for a decent pension fund.
On the other hand unless I get on the housing ladder before my 40s then I could well end up working like mad to pay it off only to find myself being placed into a care home and my property being sold to fund it.
Euromillions tomorrow night, I'm feeling lucky!
Exactly how did all this mess begin then if it was noones fault? Politicians aren't accountable for anything... It's quite the spiral mess they created.
Look at everything politicians do or don't do. What success do politicians ever succeed in exactly for their countries? Even wealthy people through assets are hurting.
On the other hand unless I get on the housing ladder before my 40s then I could well end up working like mad to pay it off only to find myself being placed into a care home and my property being sold to fund it.
Well sadly that is a very common reality for most families to face, but that another story to look forward too my mums only 64 so a few years to work that one out
I'm afraid I can only operate in the realms of the available opportunity.
When you consider that house prices were so cheap before the boom you could buy them outright or put down a majority deposit, the high interest rate didn't really matter. Now even with a low interest rate the cost of home ownership can be an order of magnitude greater! And you can be certain the interest rate will rise again, if you think 15% on £30k was bad, consider 15% on £150k!
Soldato
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- Bath, England
dude no offence but that's utter BS
i lived in holland for a year, and landlords do as little as they do here. it's not as clean cut as OMG URUP DU STURF and we don't...
Once I find a topic I'm interested in you won't shift me
Which is ironic really becuase if you applied this stuborness to succeeding in life instead of moaning about it you might not be so bummed out about your life at the age of 34.
Sorry that's just how you've come across in this thread. You appear to very much believe that by 34 things should have gone right for you by some magical mystical party trick.
News flash People are worse off than you and don't complain about it. Yes some don't know better but most just get on with life.
Things finally started going right for me at 27 and I made my own damned luck I still can't afford my own house or even my own car but I suppose it's how you value things you do have not how you desire what you can't.
I look back at my life see many a squandered chance do I regret it not at all. wouldn't be who I am or where I am now if it wasn't for those mistakes.
This thread makes me so angry.
I don't even know where to start. So many assumptions people moaning in here saying life was better parents had it easier what went wrong. Just wow I honestly don't know which angle to tackle first.
1. My grandad passed his 11+ but couldn't go because his parents didn't have any money for a uniform. That was the reality for many many people
2. Many of the older generation have never owned a home it's an illusion to believe that this is a new thing. Social housing was better yes but they never earned enough to get out of social housing.
3. Ask people who grew up on council estates around the country in the thatcher years. See how much better your life is than theirs was.
4. People knew their place in society you were born into a mining family you went to the mines. My grandad worked from the age of 14 to pay rent to his mum so she could feed his brothers. He worked for 51 years on the railway and I never once heard him grumble about it. He like most of his colleagues never owned a house.
5. Have you ever had to sleep 4 in a bed? My nan did she shared a bed with 3 sisters. They also shared bath water.....
6. My parents couldn't rub two shillings together when they got married. They made their own fortune but we were never rich. I never had sky TV their TV before they retired was as old as me. They chose saving for their children's futures over extravagant holidays and shiny new technology. we got a new second hand car ever 4 years and that was considered a treat. I've been afforded all the same chances as my parents were and it's hard but they saved and saved and saved for that first mortgage. 40k was a **** tonne of money in 1975 they only paid their mortgage fully off a few years back.
This thread really comes across as a bunch of kids born on the right side of town being bitter that they actually have to work really hard for their start in life. by saying it was easier way back when is an insult to how much effort your parents put in to your upbringing.
The only difference between now and then is that unfortunately you get pummelled on a daily basis with the lives of the rich and famous. Kids grow up feeling that this is the norm.
I don't even know where to start. So many assumptions people moaning in here saying life was better parents had it easier what went wrong. Just wow I honestly don't know which angle to tackle first.
1. My grandad passed his 11+ but couldn't go because his parents didn't have any money for a uniform. That was the reality for many many people
2. Many of the older generation have never owned a home it's an illusion to believe that this is a new thing. Social housing was better yes but they never earned enough to get out of social housing.
3. Ask people who grew up on council estates around the country in the thatcher years. See how much better your life is than theirs was.
4. People knew their place in society you were born into a mining family you went to the mines. My grandad worked from the age of 14 to pay rent to his mum so she could feed his brothers. He worked for 51 years on the railway and I never once heard him grumble about it. He like most of his colleagues never owned a house.
5. Have you ever had to sleep 4 in a bed? My nan did she shared a bed with 3 sisters. They also shared bath water.....
6. My parents couldn't rub two shillings together when they got married. They made their own fortune but we were never rich. I never had sky TV their TV before they retired was as old as me. They chose saving for their children's futures over extravagant holidays and shiny new technology. we got a new second hand car ever 4 years and that was considered a treat. I've been afforded all the same chances as my parents were and it's hard but they saved and saved and saved for that first mortgage. 40k was a **** tonne of money in 1975 they only paid their mortgage fully off a few years back.
This thread really comes across as a bunch of kids born on the right side of town being bitter that they actually have to work really hard for their start in life. by saying it was easier way back when is an insult to how much effort your parents put in to your upbringing.
The only difference between now and then is that unfortunately you get pummelled on a daily basis with the lives of the rich and famous. Kids grow up feeling that this is the norm.
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